Luxembourg's current account deficit narrowed to EUR 272 million in the third quarter of 2019 from EUR 699 million in the same period of the previous year, as the goods gap decreased to EUR 176 million from EUR 294 million while the primary income deficit dropped to EUR 6,130 million from EUR 6,273 million. Meanwhile, the services surplus widened to EUR 6,053 million from EUR 5,813 million. Current Account in Luxembourg averaged 618.96 EUR Million from 1995 until 2019, reaching an all time high of 2717.60 EUR Million in the fourth quarter of 2017 and a record low of -2221.30 EUR Million in the second quarter of 2017. source: Banque Centrale du Luxembourg
Current Account in Luxembourg is expected to be 1370.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Luxembourg to stand at -260.00 in 12 months time. In the long-term, the Luxembourg Current Account is projected to trend around 1150.00 EUR Million in 2020, according to our econometric models.